Texas A&M Buying Texas Wesleyan Law School

Texas A&M officials say the university is buying the law school at private Texas Wesleyan University in Fort Worth for $20 million.

Texas A&M has long sought to establish a law school. Chancellor John Sharp says having one will boost Texas A&M's prestige while also providing the first public law school in the Dallas-Fort Worth area. The University of North Texas is scheduled to open its new law school in Dallas in 2014.

Texas Wesleyan agreed Monday night to sell the school to Texas A&M. Texas A&M also will sign a 40-year lease for the law school building.

The renamed Texas A&M Law School at Texas Wesleyan University will specialize in business and intellectual property law.

Texas A&M System regents are expected to approve the deal later this week.

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